677 E 7th Ave - Apartments FOR SALE


Vancouver, BC V5T 1N9- Mount Pleasant
$21,000,000 CAD
604-647-1352
677 E 7th Ave, Vancouver, BC for Sale
$21,000,000 CAD
Apartments - FOR SALE
1/5
null | Request Cap Rate

677 E 7th Ave
Vancouver, BC V5T 1N9
Mount Pleasant


OVERVIEW

Avison Young is pleased to market for sale 677 East 7th Street, Vancouver, BC (the “Property”). The Property is improved with a 42-unit apartment building situated on a 21,155-sf residential development site with significant exposure along East 7th Avenue. Situated in the heart of Vancouver’s Mount Pleasant neighbourhood, the Property is designated as Mount Pleasant North Apartment Area – Area B within the Broadway Plan. This land designation promotes the development of high-rise rental apartment buildings permitting a density of up to 6.50 FSR and height of 20-storeys. For developers seeking to establish themselves in a thriving and sought-after neighbourhood, the Property presents an exceptional opportunity. The surrounding Mount Pleasant area offers a wealth of amenities and recreational activities, further enhancing the desirability of the location.

FOR SALE DETAILS

PRICE

$21,000,000 CAD

PRICE/SF

$658 CAD /SF

# OF UNITS

36

PRICE/UNIT

$583,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mount View Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1977

PARKING SPACES

36

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RM-4

APN/PARCEL ID

008-541-248

ASK ABOUT THIS PROPERTY

Carey BuntainAvison YoungMore Info
604-647-1352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Carey BuntainAvison YoungMore Info
604-647-1352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.